Shares of power producers rose as traders hedged their bets on the outlook for the Trade War.
The utilities industry group has held up better than the broad market because of its limited exposure to the fallout of tariffs.
The Trump administration have indicated that de-escalation is likely, but there is still no sign of a compromise between the U.S. and China.
Spain and Portugal were hit by a major power outage that caused widespread disruption to flights, traffic and telecommunications across the Iberian Peninsula.
Investors would view the explanation for the blackouts with interest because of existing concerns about rapidly increasing demand for power worldwide, said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.
In the first quarter, investments in new plants to make clean-energy products fell from the final three months of 2024, according to a report from the Massachusetts Institute of Technology and research firm the Rhodium Group.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
April 28, 2025 17:16 ET (21:16 GMT)
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